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US President Donald Trump made some controversial comments on his own recent decision to pardon Binance’s founder, Changpeng Zhao.<\/p>\n
In a recent 60 Minutes interview, he claimed that he didn’t know who CZ was, but he pardoned him because he “heard” his case was a “Biden witch hunt.”<\/p>\n
When pressed by host Norah O’Donnell on why he freed a man whom he didn’t know, the POTUS said:<\/p>\n
\n“Well, here’s the thing. I know nothing about it because I’m too busy doing other… My sons are into it. I’m glad they are, because it’s probably a great industry, crypto. I think it’s good. You know, they are running a business, they are not in government.”<\/p>\n<\/blockquote>\n
According to a full CBS transcript of the interview, Trump avoided<\/a> a question about potential corruption on the matter, given his family’s broader involvement with the cryptocurrency industry, and added, “I’m not concerned. I’d rather not have you ask the question.”<\/p>\n
The President’s claims are controversial, to say the least, given the recent history between Binance and the crypto businesses run by his family. Recall that the exchange facilitated<\/a> a $2 billion purchase of World Liberty Financial’s stablecoin a few months back.<\/p>\n
Trump’s initial decision to pardon CZ led to an immediate backlash from Democrat Sen. Elizabeth Warren, who condemned<\/a> the move. Binance’s founder fought back, accusing her of misrepresenting the nature of the charges against him.<\/p>\n
CZ warned Warren to retract her statements or face legal consequences. On Sunday, the Senator’s lawyers rejected<\/a> the defamation threat, stating that her post was factually correct.<\/p>\n
\n“Senator Warren\u2019s post is true in all respects and therefore cannot be defamatory. Senator Warren accurately represented publicly available and widely reported facts. The \u201ccharge\u201d referenced in Senator Warren\u2019s X post refers to the \u201ccharge\u201d to which Mr. Zhao pled guilty and as to which President Trump had just pardoned him,” reads the statement.<\/p>\n<\/blockquote>\n
The post After Pardoning CZ, Trump Insists He Doesn\u2019t Know the Man<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n\n
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